Whilst we have an Office of Tax Simplification advising the government on how we might reduce the tax compliance burden on small businesses and individual taxpayers, we still live in a world where the tax code is huge, complex and difficult to interpret.
With that in mind, here are a few simple tips for small business owners to consider …
- Use your allowances
The size, type and structure of your business will determine which parts of the tax legislation you need to consider in more detail, but everyone should be aware of the basics. Read this post